Spain: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Spain

The Spanish glass fibre fabrics market declined to $X in 2022, falling by -6.7% against the previous year. In general, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +7.1% against 2020 indices. Glass fibre fabrics consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Glass Fibre Fabrics Production in Spain

In value terms, glass fibre fabrics production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by 33%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Glass Fibre Fabrics Exports

Exports from Spain

Glass fibre fabrics exports from Spain shrank to X tons in 2022, reducing by -8.5% compared with the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 33% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then declined in the following year.

In value terms, glass fibre fabrics exports shrank notably to $X in 2022. In general, exports, however, recorded a tangible expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 88% against the previous year. As a result, the exports reached the peak of $X, and then declined dramatically in the following year.

Exports by Country

Portugal (X tons), Germany (X tons) and France (X tons) were the main destinations of glass fibre fabrics exports from Spain, together accounting for 55% of total exports. Brazil, India, Denmark, Morocco, Italy and the UK lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +39.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for glass fibre fabrics exports from Spain, comprising 43% of total exports. The second position in the ranking was held by Portugal ($X), with a 6.5% share of total exports. It was followed by Denmark, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-0.7% per year) and Denmark (+12.9% per year).

Export Prices by Country

The average glass fibre fabrics export price stood at $X per ton in 2022, falling by -16.3% against the previous year. In general, the export price, however, saw tangible growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 47%. As a result, the export price reached the peak level of $X per ton, and then dropped significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Fabrics Imports

Imports into Spain

After two years of decline, overseas purchases of glass fibre fabrics increased by 0.7% to X tons in 2022. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 30%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, glass fibre fabrics imports shrank to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 17% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Belgium (X tons), China (X tons) and Turkey (X tons) were the main suppliers of glass fibre fabrics imports to Spain, together comprising 55% of total imports. Mexico, India, the Czech Republic, Egypt, Italy, France and Slovakia lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +58.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Belgium ($X) and France ($X) constituted the largest glass fibre fabrics suppliers to Spain, with a combined 47% share of total imports. Turkey, India, the Czech Republic, Italy, Mexico, Egypt and Slovakia lagged somewhat behind, together accounting for a further 33%.

In terms of the main suppliers, Egypt, with a CAGR of +60.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average glass fibre fabrics import price amounted to $X per ton, with a decrease of -6.3% against the previous year. In general, the import price continues to indicate a slight contraction. The growth pace was the most rapid in 2014 when the average import price increased by 24% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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